Baozun (NASDAQ:BZUN) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Baozun Inc. (NASDAQ:BZUN) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.82 and traded as high as $2.83. Baozun shares last traded at $2.72, with a volume of 657,149 shares.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price target on Baozun from $3.90 to $4.20 and gave the stock a “buy” rating in a report on Tuesday, November 26th.

Baozun Stock Up 3.6 %

The firm has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.72. The company has a market cap of $176.68 million, a PE ratio of -5.31 and a beta of 0.32.

Hedge Funds Weigh In On Baozun

A number of hedge funds have recently modified their holdings of BZUN. QRG Capital Management Inc. purchased a new stake in Baozun during the 3rd quarter valued at approximately $50,000. Wolverine Trading LLC lifted its holdings in shares of Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after purchasing an additional 4,545 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Baozun during the third quarter worth $69,000. Marshall Wace LLP purchased a new position in Baozun in the 2nd quarter valued at $55,000. Finally, Quadrature Capital Ltd purchased a new position in Baozun during the 3rd quarter worth $148,000. 47.29% of the stock is currently owned by hedge funds and other institutional investors.

Baozun Company Profile

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.